NerdWallet (NASDAQ:NRDS) Price Target Raised to $19.00 at Barclays

NerdWallet (NASDAQ:NRDS) had its target price increased by Barclays from $17.00 to $19.00 in a report published on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

NRDS has been the topic of several other reports. KeyCorp boosted their price objective on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Morgan Stanley boosted their price objective on shares of NerdWallet from $14.00 to $15.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $17.60.

NerdWallet Trading Down 18.6 %

Shares of NRDS stock opened at $11.38 on Thursday. NerdWallet has a 1 year low of $10.10 and a 1 year high of $17.30. The firm’s fifty day moving average price is $13.80 and its two-hundred day moving average price is $13.21. The firm has a market capitalization of $835.75 million, a P/E ratio of 28.45 and a beta of 1.33.

NerdWallet (NASDAQ:NRDS) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.01 earnings per share for the quarter, hitting the consensus estimate of $0.01. The company had revenue of $183.80 million for the quarter, compared to analyst estimates of $168.33 million. NerdWallet had a net margin of 4.42% and a negative return on equity of 2.08%. As a group, equities research analysts forecast that NerdWallet will post 0.36 EPS for the current fiscal year.

Insider Activity at NerdWallet

In other NerdWallet news, insider Samuel Yount sold 65,167 shares of the business’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $13.79, for a total value of $898,652.93. Following the completion of the sale, the insider now owns 581,419 shares of the company’s stock, valued at $8,017,768.01. The trade was a 10.08 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Lauren Stclair sold 11,856 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $14.04, for a total transaction of $166,458.24. Following the completion of the sale, the chief financial officer now directly owns 313,100 shares of the company’s stock, valued at $4,395,924. This represents a 3.65 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 822,353 shares of company stock worth $11,051,439. Insiders own 45.93% of the company’s stock.

Institutional Trading of NerdWallet

A number of institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in NerdWallet by 69.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 93,102 shares of the company’s stock valued at $1,238,000 after purchasing an additional 38,070 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in NerdWallet by 3,417.4% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,517 shares of the company’s stock valued at $140,000 after purchasing an additional 10,218 shares during the period. Nuveen Asset Management LLC boosted its holdings in NerdWallet by 52.8% in the 4th quarter. Nuveen Asset Management LLC now owns 683,546 shares of the company’s stock valued at $9,091,000 after purchasing an additional 236,320 shares during the period. Millennium Management LLC lifted its holdings in shares of NerdWallet by 325.8% during the 4th quarter. Millennium Management LLC now owns 700,129 shares of the company’s stock worth $9,312,000 after acquiring an additional 535,701 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of NerdWallet by 14.2% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 569,106 shares of the company’s stock worth $7,569,000 after acquiring an additional 70,862 shares during the period. Institutional investors own 38.81% of the company’s stock.

About NerdWallet

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.